Business View Caribbean | October 2020

60 BUSINESS VIEW CARIBBEAN OCTOBER 2020 “My company started out as International Construction Managers Bahamas,” Marshall recounts. “That’s when I moved back to The Bahamas from the States in 2007. I realized that in The Bahamas, there was a lack of competent and professional construction management services. Most of the construction companies were just construction companies and not really management. What we realized, early, was that most of the larger projects need a management company to come onboard, first. For large projects - $25 million and up – project management is the key.” “The project management firm is the owner’s representative,” Marshall continues. “Instead of one big contractor, who would usually make about 15-20 percent of the costs, we bring in a bunch of smaller contractors, which is more beneficial to the owner, because, as a project manager, we would get five percent of the overall cost of the construction and then bid the jobs out. So, our job is to go out and create scopes of work for the contractors – electrical, plumbing, and so forth. Then we put in proposals for bid, and we put together a program which allows the owner to see three of each bid so that they know they’ll be getting a fair market value in each scope. We then give them a guaranteed maximum price, which is critical for a project of any size, whether it be government, a luxury, high-end home, or even a smaller home. We look at the vicinity, we look at staging, we look at scheduling, we look at how we would monitor AT A GLANCE INTERNATIONAL CONSTRUCTION MANAGERS LTD. WHAT: An international project management company WHERE: Nassau, Bahamas WEBSITE: wmarshall@wmbahamas.com